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Income Madness Trading Session: KRE, MSFT, KR, CRM

Below are the trades from today’s Income Madness Live Trading Session.

Action on Existing Positions

I am recommending we close our SPDR S&P Regional Banking ETF (KRE) put and Microsoft (MSFT) bull put spread.

KRE Jan Monthly (1/21) 76 Put

Current Stock Price: $75.10

Cash in Hand: $0.46

Action: Buy to close the KRE Jan Monthly (1/21) 76 Put for around $1.06, but adjust as needed to close today

Loss: $0.60, or $60 per contract

MSFT Jan Monthly (1/21) 295/290 Put Spread

Current Stock Price: $310.06

Cash in Hand: $0.29

Action:

  • Buy to close the MSFT Jan Monthly (1/21) 295 Put for around $0.09
  • Sell to close the MSFT Jan Monthly (1/21) 290 Put for around $0.04
  • Set initial debit limit at $0.05, but adjust as needed to close today

Profit: $0.24, or $24 per contract

New Positions

TRADE ONE: Sell to open the Kroger Co. (KR) Jan Week Four (1/28) 48 Put for around $0.61. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $48.58)

TRADE TWO*: Sell to open the Salesforce (CRM) Jan Week Four (1/28) 215 Put for around $0.86. and buy to open CRM Jan Week Four (1/28) 210 Put for around $0.49. Set initial credit limit at $0.37. (Current stock price: $229.83)

*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.

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